/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR THE DISSEMINATION, DISTRIBUTION, RELEASE OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES/

TORONTO, June 10, 2022 /CNW/ – Khiron Life Sciences Corp. (“Khiron” or, the “Company“) (TSXV: KHRN), (OTCQB: KHRNF), (Frankfurt: A2JMZC), is pleased to announce that it has closed today its previously announced underwritten overnight public offering of units of the Company (“Units“), including the exercise in full of the over- allotment option (the “Offering“).

A total of 30,705,000 Units were sold at a price of $0.15 per Unit (the “Issue Price“) for aggregate gross proceeds of $4,605,750. The Offering was completed by a syndicate of underwriters led by Canaccord Genuity Corp., including ATB Capital Markets Inc. and Leede Jones Gable Inc. (together, the “Underwriters“).

Each Unit is comprised of one common share of the Company (each, a “Common Share“, and each Common Share comprising a Unit, a “Unit Share“) and one Common Share purchase warrant of the Company (each, a “Unit Warrant“). Each Unit Warrant entitles the holder thereof to purchase one Common Share (each, a “Warrant Share“) at an exercise price of $0.20 for a period of 24 months following the closing of the Offering.

In consideration for their services, the Underwriters received a cash commission equal to 7.0% of the gross proceeds of the Offering and non-transferable compensation options (the “Compensation Options“) equal to 7.0% of the Units sold in the Offering. Each Compensation Option is exercisable at the Issue Price to acquire one Unit for a period of 24 months following the closing of the Offering.

The Offering, and the listing of the Unit Shares and the Warrant Shares, is subject to TSX Venture Exchange (“TSXV“) final acceptance of all requisite regulatory filings.

The net proceeds of the Offering will be used for general corporate and working capital purposes.

Certain directors and officers of the Company (collectively, the “Insiders“) participated in the Offering for an aggregate of 2,035,000 Units in the Offering for $305,250.00 (the “Insider Participation“). The participation of the aforementioned Insiders in the Offering constitutes a “related party transaction” within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101“). The Company is relying upon an exemption from the formal valuation and minority shareholder approval requirements under MI 61-101 in respect of the Insider Participation, in reliance on Sections 5.5(b) and 5.7(1)(a) of MI 61-101, respectively, as the Company is not listed or quoted on the stock exchanges set out therein and the fair market value of the Insider Participation does not exceed 25% of the Company’s market capitalization as determined in accordance with MI 61-101.

The Insider Participation was approved by members of the board of directors of the Company who are independent for purposes of the Insider Participation. No special committee was established in connection with the Insider Participation, and no materially contrary view or abstention was expressed or made by any director of the Company in relation thereto.

About Khiron Life Sciences Corp.

Khiron is a leading vertically integrated international medical cannabis corporation with core operations in Latin America and Europe. Leveraging medical health clinics and proprietary telemedicine platforms, Khiron combines a patient-oriented approach, physician education programs, scientific, product innovation, and cannabis operations expertise to drive prescriptions and brand loyalty with patients worldwide. The Company has a sales presence in Colombia, Peru, Germany, United Kingdom, and Brazil and is positioned to commence sales in  Mexico. The Company is led by co-founder and Chief Executive Officer, Alvaro Torres, together with an experienced and diverse executive team and board of directors.

Visit Khiron online at https://investors.khiron.ca/corporate-information.

Linkedin  https://www.linkedin.com/company/khiron-life-sciences-corp/.

Cautionary Notes

Forward-Looking Statements

This press release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable Canadian and United States securities laws (collectively, “forward-looking information“). Forward- looking information are often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “expect”, “likely” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions. Forward-looking information in this press release includes, without limitation, statements relating to the use of Offering proceeds and the receipt of final TSXV acceptance.

Developing forward-looking information involves reliance on several assumptions and considerations of certain risks and uncertainties, some of which are specific to Khiron and others that apply to the industry generally.

The risk factors and uncertainties that could cause actual results to differ materially from the anticipated results or expectations expressed in this press release, include, without limitation: that the Company’s use of proceeds of the Offering may differ from those indicated; additional financing requirements; adverse market conditions; and other risk factors described from time to time in Khiron’s OTC and Canadian securities filings. For additional information about assumptions and risks and uncertainties applicable to Khiron, please refer to Khiron’s Annual Information Form which is available on Khiron’s SEDAR profile at www.sedar.com.

Readers are cautioned to consider these and other factors, uncertainties and potential events carefully and not to put undue reliance on forward-looking information. The forward-looking information contained herein is made as of the date of this press release and is based on the beliefs, estimates, expectations and opinions of management on the date such forward-looking information is made. The Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward- looking information, except as required by applicable law.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this press release.

The securities offered in the Offering have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or the securities laws of any state of the United States and may not be offered or sold absent such registration or an applicable exemption from such registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the Units in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction. The securities referenced herein have not been approved or disapproved by any regulatory authority.

SOURCE Khiron Life Sciences Corp.

For further information: Investor Contact: Paola Ricardo, E: [email protected] T: +1 (647) 556-5750; Media Contact: Peter Leis, Europe Communications E: [email protected]; Carolina Gomez, Latam Communications E: [email protected]; Khiron Europe: Franziska Katterbach, President

This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.

About Ryan Allway

Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.

Phoenix, Arizona–(Newsfile Corp. – April 20, 2022) – The Stock Day Podcast welcomed Pressure BioSciences, Inc. (OTCQB: PBIO) (“PBI” or “the Company”), a leader in the development and sale of innovative, broadly enabling, pressure-based instruments, consumables, and specialty testing services for the worldwide life sciences and other industries. President and CEO of the Company, Mr. Richard T. Schumacher, joined Stock Day host Mr. Everett Jolly.

Mr. Jolly began the interview by asking: “Could you please give my audience an update on the progress Pressure BioSciences is making towards the commercial release of your UST platform later this year?”

Mr. Schumacher replied: “We are working hard at that, we really are. UST is an amazing technology as you and your listeners know. It is a very innovative technology with enormous potential in a myriad of industries. I suppose the easiest way to describe the power of the UST platform is to simply say that we make oil go into – and stay in – water. Thus, any oil-based active ingredient, whether it is a nutraceutical like CBD, a vitamin like D3, a pharmaceutical like prednisone, or even a cosmetic or agrochem product, when processed with the UST platform, will become highly water-soluble, long-term stable, and significantly more bioavailable to the water-based systems of humans, other animals, and plants. This means that far more of the oil-based active ingredient will be absorbed, thus making it available to perform its intended function (such as pain relief, inflammation reduction, or wellness improvement). That is what our UST platform does and does very well – it reduces solutions of oil-based active ingredients into nanoemulsions, which in turn significantly increases the bioavailability and reduces the cost of manufacture of the product. The UST platform is a proprietary system, with seven issued patents and lots of additional intellectual property surrounding this technology. But we need to start increasing revenue and moving towards profitability, so part of our plan is to commercialize the UST platform in 2022.”

Mr. Schumacher continued: “For us to successfully commercialize this new and unique technology, we need the data and other information that Ohio State University is generating with the BaroShear system, and we need introductions to food and beverage companies worldwide. This is right up Ohio State’s alley: they are a globally recognized food and beverage academic institution with a rich history of accomplishments in the food and beverage industry. PBI and Ohio State announced a food Consortium a few months ago, the purpose of which is to combine the capabilities of academia and industry and use them to develop the UST process to make safer, more nutritious, clean-label (no chemical additives) liquid foods and beverages. The Consortium is planning a gala unveiling event in the May/June 2022 timetable, to promote the UST platform to many companies in the liquid food and beverage industry.”

Mr. Schumacher then shared that the Company is currently looking to build four new BaroShear MAX UST systems, with two ear-marked to be installed in the Boston area and the other two in the San Francisco Bay area by the Fall of 2022. These systems will be used for third-party, arm’s length fee-for-service (tolling) purposes, as the Company believes this is the fastest and best way to generate appreciable revenue from the UST platform.

Mr. Schumacher elaborated on the development of the tolling service: “During the five to six months we will need to build these four instruments, we’re going to be talking to a lot of food and beverage companies, looking at getting contracts. To that end, we are already talking to small, well-funded companies to very large multi-billion-dollar international companies. We would like to have contracts in hand by the end of September so that we hit the ground running when the doors to the tolling centers open for business in early October 2022. At the same time, we plan to build 12-15 BaroShear systems to be placed into food and beverage companies’ hands in early 2023 under a “lease and license” program. These systems will all be under contracts that carry a monthly lease plus a usage fee.”

Mr. Jolly then asked: “Where are you with the Company’s financial improvements?”

Mr. Schumacher explained: “We went through a very rough time a few years ago. We took on about $6.5 million dollars of expensive debt in order to not just survive, but to grow – and we did. But we knew we had to free the Company up from this debt, and with a lot of hard work and help from good investors, this expensive debt is now down to about $1.2 million. Total debt has not decreased that much, but almost all of our former expensive debt has been paid off with equity or better debt or converted into PBIO common stock at $2.50/share.”

Mr. Schumacher continued: “With respect to our remaining debt, most of the lenders have agreed to convert into PBIO common stock at $2.50 per share.”

Mr. Jolly commented on the Company’s planned uplist for 2022 and asked about progress in this regard. Mr. Schumacher shared: “We definitely want to uplist the company to either the Nasdaq or the New York Stock Exchange in 2022. This process generally takes a number of months. Knowing what we have to do, and already planning on how to do it, we are confident we can get it done this year.”

Mr. Schumacher continued: “We think that the best time for PBIO to uplist would be in the Fall, concomitant with or just after the initial commercialization of the UST platform. The excitement of seeing the UST platform in the field, fulfilling contracts for the nanoemulsification of various oil-based active ingredients, added to the revenue that we believe these services will be engendering, should give us a lot of much-needed support during the uplist process.”

Mr. Jolly then asked: “Could you give us an update on the Company’s metrics?”

Mr. Schumacher replied: “We have about 8 million common shares outstanding. We do have other shares in the form of Preferred Stock, as disclosed in our filings. All warrant shares are at a conversion price of $3.50/share, or more. There are no registered shares underlying the warrants, so there is no warrant overhang.”

To close the interview, Mr. Schumacher elaborated on the Company’s potential as they continue to move towards the commercialization of their UST platform, while also growing their other product lines. He thanked shareholders for their understanding, patience, and support and encouraged listeners to keep up-to-date on PBI’s current and upcoming projects.

To hear Mr. Richard T. Schumacher’s entire interview, follow the link to the podcast here: https://audioboom.com/posts/8069788-pressure-biosciences-inc-discusses-commercialization-of-their-revolutionary-ust-platform-and-th

Investors Hangout is a proud sponsor of “Stock Day,” and Stock Day Media encourages listeners to visit the company’s message board at https://investorshangout.com/

About Pressure BioSciences, Inc.

Pressure BioSciences, Inc. (OTCQB: PBIO) is a leader in the development and sale of innovative, broadly enabling, pressure-based instruments, consumables, and specialty testing services for the worldwide life sciences and other industries. Our products are based on the unique properties of both constant (i.e., static) and alternating (i.e., pressure cycling technology, or PCT) hydrostatic pressure. PCT is a patented enabling technology platform that uses alternating cycles of hydrostatic pressure between ambient and ultra-high levels to control bio-molecular interactions safely and reproducibly (e.g., cell lysis, biomolecule extraction). Our primary focus is in the development of PCT-based products for biomarker and target discovery, drug design and development, biotherapeutics characterization and quality control, soil & plant biology, forensics, and counter-bioterror applications. Additionally, major new market opportunities have emerged in the use of our pressure-based technologies in the following areas: (1) the use of our recently acquired, patented technology from BaroFold, Inc. (the “BaroFold” technology) to allow entry into the bio-pharma contract services sector, and (2) the use of our recently-patented, scalable, high-efficiency, pressure-based Ultra Shear Technology (“UST”) platform to (i) create stable nanoemulsions of otherwise immiscible fluids (e.g., oils and water) and to (ii) prepare higher quality, homogenized, extended shelf-life or room temperature stable low-acid liquid foods that cannot be effectively preserved using existing non-thermal technologies.

Forward-Looking Statements

This press release contains forward-looking statements. These statements relate to future events or our future financial performance and involve known and unknown risks, uncertainties and other factors that may cause our or our industry’s actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed, implied, or inferred by these forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “could,” “would,” “expects,” “plans,” “intends,” “anticipates,” “believes,” estimates,” “predicts,” “projects,” “potential” or “continue” or the negative of such terms and other comparable terminology. These statements are only predictions based on our current expectations and projections about future events. You should not place undue reliance on these statements. In evaluating these statements, you should specifically consider various factors. Actual events or results may differ materially. These and other factors may cause our actual results to differ materially from any forward-looking statement. These risks, uncertainties, and other factors include, but are not limited to, the risks and uncertainties discussed under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021, and other reports filed by the Company from time to time with the SEC. The Company undertakes no obligation to update any of the information included in this release, except as otherwise required by law.

For more information about PBI and this press release, please click on the following website link: http://www.pressurebiosciences.com.

Please visit us on Facebook, LinkedIn, and Twitter.

Press Contacts:

Richard T. Schumacher, President & CEO ( 508) 230-1828 (T)
John B. Hollister, Director of Marketing and Sales (508) 230-1829 (F)
Jeffrey N. Peterson, Chairman (650) 703-8557 (T)

About The “Stock Day” Podcast

Founded in 2013, Stock Day is the fastest growing media outlet for Nano-Cap and Micro-Cap companies. It educates investors while simultaneously working with penny stock and OTC companies, providing transparency and clarification of under-valued, under-sold Micro-Cap stocks of the market. Stock Day provides companies with customized solutions to their news distribution in both national and international media outlets. The Stock Day Podcast is the number one radio show of its kind in America.

SOURCE:
Stock Day Media
(602) 821-1102

This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.

About Ryan Allway

Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.

VERNON, BC, Jan. 13, 2022 /CNW/ – Doseology Sciences Inc. (CSE: MOOD) (“Doseology” or the “Company”) announces the appointment of Maryam Marissen as Chief Executive Officer and Director, effective immediately. Outgoing interim CEO and co-founder Daniel Vice will remain involved with the Company as an independent director. Doseology is a British Columbia-based, diversified life sciences company developing mushroom-based health and wellness solutions.

Ms. Marissen is an accomplished business leader, entrepreneur, and marketing strategist. With over two decades of relevant leadership experience, she brings a valuable combination of consumer product marketing, healthcare, and government relations experience to her new position. Ms. Marissen helped establish one of the first online personal care and wellness e-commerce stores in North America, and grew sales to several million dollars annually. She recently served as Managing Director of a national government relations and public affairs agency, overseeing advocacy campaigns on matters such as healthcare, education, and public policy.

As co-founder of a Vancouver biotech startup, Marissen was involved in psychedelic research for therapeutic applications, consulting with academic, industry, and regulatory stakeholders to develop clinical pathways to patient care. Since last fall, she has been advising Doseology on product research and commercialization strategy while preparing for the leadership role.

Ms. Marissen commented, “It’s a personal calling and an honour to lead Doseology during this next stage. Public advocacy for healthcare has long been my passion, so I’m excited to continue addressing mental health challenges by getting new solutions to the people who need them most, in a safe and medically-supervised way.”

Regarding the changes made to Health Canada’s Special Access Program (SAP) on January 5^th, Ms. Marissen added, “I commend Health Canada for their recent amendment of the Special Access Program, which makes psychedelic-assisted therapies including those with psilocybin available to more Canadians in need. As the efficacy of such treatments is further proven by research I believe that Canada’s progressive approach may become a model for the world.”

Board Chair Ralph Olson added, “We recognize the tremendous achievements from outgoing CEO Daniel Vice, who will remain actively involved as an independent director”. On the role transition, Mr. Vice commented, “All of our work so far has led us to this proud moment. Maryam has the experience and vision we believe is required for the upcoming challenges of growth, further research, and commercialization. I’m excited to see Doseology enter this new phase and help move the entire industry forward.”

Under Ms. Marissen’s leadership, Doseology will focus on cultivation of functional mushrooms, and establishing clinical services to create profitable revenue streams. The company’s application for a Health Canada Dealer’s License was filed in November, and once approved, will allow for psilocybin-related research and cultivation. In preparation for the Dealer’s License, R&D along with channel partnerships are strategic goals.

On Behalf of the Board of Directors,

Maryam Marissen
Chief Executive Officer
Doseology Sciences Inc.
[email protected]
www.linkedin.com/in/maryammarissen

About Doseology Sciences Inc.

Doseology Sciences Inc. (CSE: MOOD) is a British Columbia-based diversified life sciences company, on a mission to reimagine mental health therapies through innovation, technology and sustainability. With a focus on psychedelic and non-psychedelic compounds, Doseology will offer cutting edge therapeutic products and services, with the aim of making a meaningful impact on the mental health pandemic and improving overall health.

Forward Looking Statements

This corporate update contains statements which constitute “forward–looking information” within the meaning of applicable securities laws. Forward–looking information is often identified by the words “may,” “would,” “could,” “should,” “will,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “expect” or similar expressions. Readers are cautioned that forward–looking information is not based on historical facts but instead reflects the Company’s management’s expectations, estimates or projections concerning the business of the Company’s future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although the Company believes that the expectations reflected in such forward–looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements. Among the key factors that could cause actual results to differ materially from those projected in the forward–looking information are the following: changes in general economic, business and political conditions, including changes in the financial markets; decreases in the prevailing prices for products in the markets that the Company operates in; adverse changes in applicable laws or adverse changes in the application or enforcement of current laws; regulations and enforcement priorities of governmental authorities; compliance with government regulation and related costs; and other risks described in the Prospectus. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward–looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated, or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update this forward–looking information except as otherwise required by applicable law.

No securities regulatory authority has either approved or disapproved of the contents of this news release. The Company’s securities have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States, or to or for the account or benefit of any person in the United States, absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities in the United States, or in any other jurisdiction in which such offer, solicitation or sale would be unlawful.

The CSE does not accept responsibility for the adequacy or accuracy of this release.

/NOT FOR DISTRIBUTION IN THE UNITED STATES OR DISSEMINATION IN THE UNITED STATES/

SOURCE Doseology Sciences Inc.

This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.

About Ryan Allway

Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.

TORONTO, December 30, 2021–(BUSINESS WIRE)–FSD Pharma Inc. (NASDAQ: HUGE) (CSE: HUGE) (FRA: 0K9A) (“FSD Pharma” or the “Company”), a life sciences holding company dedicated to building a portfolio of assets and biotech solutions, announced today that its Board of Directors has authorized the repurchase by the Company of up to 2,000,000 of its Subordinate Class B Voting Shares (the “Subordinate Voting Shares”) from time to time over the next 12 months at prevailing market prices in order to allow the Company to use its excess cash reserves to strategically return value to shareholders.

“FSD Pharma is focused on the advancement of its drug candidates toward the clinic; however, with over USD $39.3 million in cash and cash equivalents on our balance sheet as of September 30, 2021, we recognize there may be a strategic opportunity to enhance shareholder value without compromising our ambitious growth plans,” commented Anthony Durkacz, Interim CEO of FSD Pharma. “We believe that our stock is significantly undervalued. This will allow us to continue investing in our future, while, at the same time, also investing in the exceptional value that our own shares represent.”

The Company will purchase up to 2,000,000 Subordinate Voting Shares, being approximately 5% of the Company’s issued and outstanding Subordinate Voting Shares as of the date hereof. The share repurchase program will commence on January 4, 2022 and terminate on December 30, 2022, unless terminated earlier by the Company. The share repurchase program does not obligate the Company to purchase any Subordinate Voting Shares. If management decides it has a better use for its cash reserves, it is under no obligation to continue to purchase Subordinate Voting Shares and share purchases may be suspended or terminated at any time at the Company’s discretion.

The actual number of Subordinate Voting Shares purchased, timing of purchases and purchase price will depend on market conditions. The Company will purchase Subordinate Voting Shares through the facilities of the Canadian Securities Exchange (“CSE”) at the prevailing market price on the CSE at the time of purchase, subject to limitations imposed by applicable securities laws. All Subordinate Voting Shares Purchased by the Company shall be cancelled.

About FSD Pharma

FSD Pharma Inc. is a biotechnology company with three drug candidates in different stages of development. FSD BioSciences, Inc. (“FSD BioSciences”), a wholly owned subsidiary, is focused on pharmaceutical research and development of its lead compound, ultra-micronized palmitoyl ethylamine (“PEA”) or FSD-PEA (formerly called FSD-201). Lucid Psycheceuticals Inc. (“Lucid”), a wholly owned subsidiary, is focused on the research and development of its lead compounds, Lucid-PSYCH (formerly Lucid-201) and Lucid-MS (formerly Lucid-21-302). Lucid PSYCH is a molecular compound identified for the potential treatment of mental health disorders. Lucid-MS is a molecular compound identified for the potential treatment of neurodegenerative disorders.

Forward Looking Information

Certain statements contained herein are “forward-looking statements.” Often, but not always, forward-looking statement can be identified by the use of words such as “plans”, “expects”, “expected”, “scheduled”, “estimates”, “intends”, “anticipates”, “hopes”, “planned” or “believes”, or variations of such words and phrases, or states that certain actions, events or results “may”, “could”, “would”, “might”, “potentially” or “will” be taken, occur or be achieved. Forward-looking statements contained in this press release include the comments made with respect to the Company’s normal course issuer bid, advancing the Company’s research and efforts to enhance shareholder value. FSD cannot give any assurance that such forward-looking statements will prove to have been correct. The reader is cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.

Since forward-looking statements relate to future events and conditions, by their very nature they require making assumptions and involve inherent risks and uncertainties. The Company cautions that although it is believed that the assumptions are reasonable in the circumstances, these risks and uncertainties give rise to the possibility that actual results may differ materially from the expectations set out in the forward-looking statements. Factors that may cause such material differences include without limitation: the fact that the drug development efforts of both Lucid and FSD BioSciences are at a very early stage; the fact that preclinical drug development is uncertain, and the drug product candidates of Lucid and FSD BioSciences may never advance to clinical trials; the fact that results of preclinical studies and early-stage clinical trials may not be predictive of the results of later stage clinical trials; the uncertain outcome, cost, and timing of product development activities, preclinical studies and clinical trials of Lucid and FSD BioSciences; the uncertain clinical development process, including the risk that clinical trials may not have an effective design or generate positive results; the potential inability to obtain or maintain regulatory approval of the drug product candidates of Lucid and FSD BioSciences; the introduction of competing drugs that are safer, more effective or less expensive than, or otherwise superior to, the drug product candidates of Lucid and FSD BioSciences; the initiation, conduct, and completion of preclinical studies and clinical trials may be delayed, adversely affected, or impacted by COVID-19 related issues; the potential inability to obtain adequate financing; the potential inability to obtain or maintain intellectual property protection for the drug product candidates of Lucid and FSD BioSciences; and other risks. Further information regarding factors that may cause actual results to differ materially are included in the Company’s annual and other reports filed from time to time with the Canadian Securities Administrators on SEDAR (www.sedar.com) and with the U.S. Securities and Exchange Commission on EDGAR (www.sec.gov) under the heading “Risk Factors.” Any forward-looking statement contained in this release speaks only as of its date. The Company does not undertake to update any forward-looking statements, except to the extent required by applicable securities laws.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211230005039/en/

Contacts

Zeeshan Saeed, Founder, President and Executive Co-Chairman of the Board, FSD Pharma Inc.
Email: [email protected]
Telephone: (416) 854-8884
Investor Relations: Email: [email protected], [email protected]
Website: www.fsdpharma.com

This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.

About Ryan Allway

Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.